Real Estate News Roundup: Riverside Apartment Prices Surge, Social Housing Supply Expands and Major Projects Advance
The real estate market has recorded a series of notable developments in major cities and areas with tourism potential. In Ho Chi Minh City, riverside apartment prices have risen sharply over the past five years, reaching VND 500-650 million per square meter in some locations as land along the Saigon River becomes increasingly scarce. The city has also set rental prices for 10 public land sites in the former Binh Duong area, covering more than 61 hectares in total, while awaiting long-term land-use plans. In addition, more than 380 hectares of cleared land in the Long Thanh urban, commercial and service area is ready to be auctioned for land-use rights. The Ho Chi Minh City Land Registration Office has also proposed canceling tax assessment information for a number of social housing apartments because their developers were slow to complete the required documents. In the policy and affordable housing segment, HoREA has proposed allowing residents to exchange adjacent land areas and exe...